All Forum Posts by: Kadia Lawrence

 Thank you!!

 Thanks very much Nathan!  So you don't do upfront fees or deposits but instead additonal rent.  Have you had any pushback on that, especially for small fish tanks/ bowls?

@Nathan Gesner: 

Would you charge non-refundable pet fee and ongoing pet rent for a fish, especially if it's a small tank, say 6 gallons?

 Thank you!  That makes sense

Hi All,

I would appreciate thoughts/ considerations/ cautions for analyzing a mixed use property that has a duplex with a regular apartment next to a small storefront that's soon to be vacant? How does one anlayze the store front part? I keep wondering about insurance, vacancy rates, if tenant selection is a bigger/ different factor, terms of the tenancy and differences in opex and capex? About to go down the Youtube rabbit hole... TIA.

Hi All,

I would appreciate thoughts/ considerations/ cautions for analyzing a mixed use property that has a duplex with a regular apartment next to a small storefront that's soon to be vacant?  How does one anlayze the store front part? I keep wondering about insurance, vacancy rates, if tenant selection is a bigger/ different factor, terms of the tenancy and differences in opex and capex?  About to go down the Youtube rabbit hole...  TIA.

 Ah okay, thank you. (Yes, the delay can be a bit frustrating.) Thanks Nathan.

 Thanks very much!!  The issue I have is that the section 8 office takes a few weeks after leases are signed to issue the contract and declare the tenant's vs th PHA share.  I guess the proxy might be what the person is paying now provided this isn't their first.  Otherwise, there doesn't seem to be a basis.  My other thought is to use the utility allowance we deduct from the fair market rent for the utilities they will pay for as a value they need to be able to pay. Then 3x that.  However, technically it is not the rent.  The other challenge is for those who pay nothing.  Technically their 3X would be zero.  However, I'd like to see some income showing that they can pay for utilities, and regular living expenses.  (I think that's in line with the idea that rent should be no more than 1/3 of their gross income to afford other expenses.)

If you have a minumum multiplier to qualify people on income, e.g., income must be 3X rent, how do you make the calculation for a tenant using a section 8 voucher?

Also, if you are using one standard set of criteria to review all tenants, both section 8 and non-section 8, do you require a minimum credit score? If so what level do you use?  (I am debating where and whether to reset a credit score miminum.  I would rather focus on the details of the credit report (such as collections and delinquencies and nature of those issues).)

 thank you!  I just saw in the fine print of the HAP contract that they prorate the first month